Housing Trends: Will Putting Wont Last in a Housing Listing Comment Help It Sell

The Answer is Yes, But There is More to It About a year ago, I published a blog on the impact that listing comments have on days on market: Public Listing Comments Can Have an Impact on Days on Markets. I soon realized there was confusion about the analysis, as I received inquiries asking why […]

Videos: U.S. Housing Policy Outlook October 2017

Mortgage Fraud Risk is on the Rise Overall fraud risk increased by almost 17 percent year-over year, and is now at its highest level since CoreLogic created the index in 2010. Keep in mind, however, that in historical terms, fraud, overall, is still relatively low, given the tighter underwriting since the mortgage crisis, and the […]

Audio: Home Price Index Audio Clip August 2017

The CoreLogic HPI for August 2017 showed that national home prices appreciated 6.9 percent from a year ago, and the CoreLogic home price Forecast reveals an increase of 4.7 percent over the next year. As of August 2017, the HPI is back to the same level as the April 2006 peak, marking the end of […]

Property Valuation: Home Price Index Highlights August 2017

U.S. Home Prices Have Returned to 2006 Peak The lowest price tier increased 9.4 percent year over year. Home prices forecast to rise 4.7 percent over the next year. Utah and Washington continued to post double-digit year-over-year gains.   National home prices increased 6.9 percent year over year in August 2017, and the index level […]

Housing Trends: Where are Dallas County Residents Buying Homes

Most Buy in Dallas County, but 22 Percent Buy Elsewhere In the last blog on state household mobility, we found that there was more migration from high-cost states, such as California and New York, to more affordable states, such as Florida and Texas, than the other way around. As an example, for every 10 Texas […]

Mortgage Performance: Housing Credit Index Second Quarter 2017

Loans Originated in the Second Quarter Exhibit Higher Credit Risk Than a Year Earlier The CoreLogic Housing Credit Index (HCI) shows higher credit risk in Q2 2017 compared with Q2 2016, but it remained within the range exhibited during the early 2000s. The average credit score for all borrowers – purchase and refinance combined – […]

Mortgage Performance: Home Equity Lines of Credit

End-of-Draw Performance Not as Bad as Feared One effect of the rapid increase in home prices from 2000 to 2006 was the increased use of home equity lines of credit (HELOCs) as a method for homeowners to extract equity from their properties. HELOCs consist of a “draw period” and a “post-draw period.”  At any time […]

Housing Trends: Homebuyers Mortgage Payments Rising Faster Than Prices

“Typical Mortgage Payment” Up Nearly 14 Percent Year Over Year Low mortgage interest rates helped soften the blow of rising prices for homebuyers over the past six years. But with prices still rising and mortgage rates running about half a percentage point higher than last summer the mortgage payments that many homebuyers face have increased […]

Mortgage Performance: The Delay in Discovering Mortgage Fraud – Or What You Dont Know for Too Long Can Hurt You

Part III of III in a series Unlike other types of financial fraud, mortgage fraud is rarely identified quickly. The problem with the lag in discovery is that by the time a financial institution gets the feedback, it’s often too late to mitigate the situation. Another issue is that the lag time gives management a […]

Housing Trends: NABE Economic Policy Survey August 2017

Business Economists Expect Interest Rates to Rise, Have Concerns on Health Care, Immigration and Foreign Trade Policies – NABE respondents opine that GSEs should be partly or fully privatized The National Association for Business Economics’ (NABE) semiannual Economic Policy Survey focused on some of the critical fiscal and monetary issues that policy makers currently face […]